Loan Qualification Requirements Changing Daily

The chief executive at Lowe's Cos. said Tuesday that a soft housing market and tight credit standards has created a tough sales environment, but he remains optimistic the conditions will improve.

Secrets of Pre-Foreclosure Investing

One pre-foreclosure expert says a new federal law will change everything, and short sales and short payoff sales will become the new trend in the marketplace.

Lehman Bros. to cut 1,400 jobs

Lehman Brothers Holdings Inc. became the first of what many expect will be a series of finance firms to cut staff ahead of reporting first-quarter write-downs, according to Crain's New York Business.

Need to know

Mortgage lending The number of mortgages taken out by homebuyers fell by 19 per cent during January.

Washington Mutual's Shares Jump on Speculation Buffett, Goldman May Invest

Washington Mutual Inc. , the largest U.S. savings and loan, rose the most in almost eight years on speculation that Warren Buffett and Goldman Sachs Group Inc.

Some Bargains May Be Found in REITS

Real estate investment trust [REIT] companies have really taken it on the chin over the past year or so.

Private Equity Industry Glory Days May Be in Past

With buyout firms posting multimillion-dollar losses and failing to meet lenders' calls for collateral, experts say the private equity industry has seen the last of its glory days.